Chen Maobo, director of the Hong Kong Financial Secretary, mentioned that the China Securities Regulatory Commission's cooperation measures with the Hong Kong capital market are in order to promote the coordinated development of the capital markets of the two places.
Chen Maobo Sunday (April 21) posted a blog post on the official website of the Finance Department to summarize the Suzhou and Hangzhou Bank.Measures, which relaxes the exchanges of the Stock Exchange Fund (ETF) of the Stock Exchange of the Shanghai -Shenzhen -Hong Kong Stock Connect; the real estate investment trust fund (REITS) is included in the Shanghai -Shenzhen -Hong Kong Stock Connect;The four measures are designed to further expand the connotation of the interconnection of the market between the two places and promote the coordinated development of the capital markets of the two places.
Chen Maobo said that the China Securities Regulatory Supervisor will also support the qualified mainland industry leading enterprises to go public in Hong Kong and raise funds, and increase communication and coordination with relevant departments.This will be conducive to the listing market in Hong Kong, and more companies with long -term development and reward potential will be listed in Hong Kong.Essence
Chen Maobo mentioned that when he visited Hangzhou and Suzhou last week, he noticed that many local companies had applied or considers to apply for listing in Hong Kong.They all see the institutional advantages of the Hong Kong market and seamlessly connect with international standards, and believe that through overseas financing, they will accelerate their development in the mainland and international markets.
He pointed out that these innovative enterprises based on the Yangtze River Delta also focused on the coordination advantages of other cities in Hong Kong and the Greater Bay Area, such as cooperation platforms with Shenzhen in Chuangke.In the process of accelerating development, these companies have expanded their attention from the mainland to the international market, and hoped to use Hong Kong as their preferred springboards and platforms for their entry into the international market, including establishing a financial center in Hong Kong and even the international business headquarters.
Chen Maobo said that many of them hope to go to Hong Kong to set up a scientific research center. Invisibly, they have pointed out that the improvement of the intellectual property protection system in Hong Kong can make them develop a new format for patent operations.
He also said that Hong Kong will have a technology collaborative innovation platform with Hangzhou next month.The platform will focus on scientific and technological research and development cooperation, transformation of scientific and technological achievements, scientific and technological cultural exchanges, etc., and will establish the exchanges between the two places and docking the advantages of both parties to open a new mileage for Chuangke cooperation between the two places.A number of Hangzhou technology companies will also settle in Hong Kong to set up a R & D center or open up overseas business.
